After U.S. President Donald Trump announced an extension of the Iran war cease-fire, bitcoin briefly topped $79,000.
As of 8 a.m. on the 23rd, bitcoin was up 3.66% from 24 hours earlier at $78,554 on CoinMarketCap, a global crypto price-tracking site. Around 4 a.m. the same day, bitcoin surged to $79,033. This is the first time bitcoin has reclaimed $79,000 since February.
Ethereum, the No. 2 by market cap, is transaction at $2,398, up 3.39%. Ripple is up 0.85% at $1.43, Binance Holdings Ltd. Coin is up 1.59% at $640, and Solana is up 1.87% at $87.3.
This is seen as reflecting expectations of eased Middle East tensions after President Trump declared a cease-fire with no time limit.
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